IFLR1000

Infrastructure Investment Funds $2.78 billion acquisition of El Paso Electric

3/6/2019
Private acquisition
Select tab

$ 2.78 billion

Announced

3/6/2019

Overview:

  • The Infrastructure Investments Fund (IIF) has acquired El Paso Electric in a $2.78 billion deal. 
  • IIF is an investment vehicle that is advised by JP Morgan Investment Management. 
  • El Paso provides electricity to customers in the Rio Grande Valley. 
  • BofA Merrill Lynch acted as financial adviser for IIF and Lazard advised El Paso Electric. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Utilities

Firms:
Baker Botts

Party: El Paso Electric (Target)

Lawyers: Timothy Taylor, William Lamb

Skadden Arps Slate Meagher & Flom

Party: Infrastructure Investment Funds (Acquirer)

Related deals